CT All-Lines Adjuster Licensing Exam Questions and Answers 100% Pass

CT All-Lines Adjuster Licensing Exam
Questions and Answers 100% Pass


Abandonment -

CORRECT ANSWER: Relinquishing of property and letting go of all

legal rights with the intent to claim a total loss.




QUESTION: Abandonment Clause -

CORRECT ANSWER: A property policy provision that stipulates that

the insurer need not accept any damaged property that the insured

chooses to relinquish.




QUESTION: Absolute Liability -

CORRECT ANSWER: The performance of an act so dangerous as to

be sufficient to trigger liability regardless of the degree of negligence.

,QUESTION: Accident -

CORRECT ANSWER: An unforeseen, unintended, and unexpected

event, which occurs suddenly and at a definite place.




QUESTION: Accounts Receivable Insurance -

CORRECT ANSWER: Pays for the cost of reconstructing accounts

receivable records that have been damaged or destroyed by a covered

peril.




QUESTION: Action Over Claim -

CORRECT ANSWER: A demand by a third party in a subrogation

action suing for damages from the employer. (Worker's Compensation)




QUESTION: Actual Cash Value (ACV) -

CORRECT ANSWER: Placing value on a property as of the time of its

loss or damage.

, QUESTION: Additional Living Expense Insurance -

CORRECT ANSWER: Provides payment for extra expenses made

necessary by the insured's inability to reside in the insured dwelling

because of a cover loss.




QUESTION: Adhesion Contract -

CORRECT ANSWER: Standardized set of agreements offered by one

party to another on a take it or leave it basis.




QUESTION: Admiralty Courts -

CORRECT ANSWER: Courts of law that deal with matters pertaining

to the sea.




QUESTION: Admitted Company -

CORRECT ANSWER: An insurance company that is licensed to

conduct business within a given state.